Reuters UK Business

Forced layoffs are last resort in Thyssenkrupp restructuring, IG Metall says

3 Dec 2025

FRANKFURT, Dec 3 (Reuters) – Germany’s most powerful union IG Metall on Wednesday said that compulsory layoffs would remain a last resort at conglomerate Thyssenkrupp, adding an agreement with management on the matter had been extended into 2028. Thyssenkrupp earlier this year announced it would turn into a holding and divest stakes in all of …

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SoftwareOne says probe into potential insider trading sparks searches

3 Dec 2025

ZURICH, Dec 3 (Reuters) – Swiss technology firm SoftwareOne said on Wednesday searches were conducted at its offices in Leipzig, Germany and Stans, Switzerland linked to a probe into five non-executive current or former employees for potential insider-trading violations. “SoftwareOne is not accused of any wrongdoing and is fully cooperating with the authorities,” the firm …

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Rome’s bus and metro company to offer refunds for poor service

3 Dec 2025

ROME, Dec 3 (Reuters) – Rome’s public transport company Atac has committed to offering refunds for poor service, Italy’s competition authority said on Wednesday, ending an investigation of the publicly controlled body. The regulator started investigating Atac in February for “possible unfair commercial practices” for allegedly not meeting quality standards during 2021-2023. Atac failed to …

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LSEG to integrate financial data into ChatGPT in AI push

3 Dec 2025

Dec 3 (Reuters) – LSEG will integrate its financial data and analytics into ChatGPT and make OpenAI’s enterprise tool available to its employees, it said on Wednesday, deepening its push to embed artificial intelligence across financial markets. The data and analytics provider will grant ChatGPT users with LSEG credentials access to market data and news …

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Magnum Ice Cream expects free cash flow of up to 1 billion euros in 2028-29

3 Dec 2025

Dec 3 (Reuters) – Unilever’s ice cream business, which is spinning off and listing in Amsterdam next week, expects to achieve free cash flow between 800 million and 1 billion euros ($933.2 million to $1.17 billion) in 2028-29, it said on Wednesday. The Magnum Ice Cream Company will become the world’s biggest standalone ice cream …

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Zara owner Inditex beats forecasts with strong start to winter

3 Dec 2025

By Helen Reid LONDON, Dec 3 (Reuters) – Zara owner Inditex beat analysts’ expectations for the start of its fourth quarter on Wednesday, reporting currency-adjusted sales growth of 10.6% in November, a period that includes the crucial Black Friday weekend. The results from Inditex, widely seen as a bellwether for global fast fashion, offer an …

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Germany does not expect US-UK pharma deal to affect drug prices

3 Dec 2025

BERLIN, Dec 3 (Reuters) – Germany’s health ministry does not expect a pharmaceutical deal between the United States and Britain to have any impact on drug prices in the Germany or on statutory health insurance expenditures, said a spokesperson in Berlin on Wednesday. “This is due to the existing legal regulations governing drug prices in …

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Hungary to challenge EU decision to phase out Russian energy imports

3 Dec 2025

BUDAPEST, Dec 3 (Reuters) – Hungary will challenge a European Union decision on phasing out Russian energy sources at the EU’s Court of Justice, its Foreign Minister Peter Szijjarto said on Wednesday. The European Union’s members have agreed to phase out Russian gas imports by late 2027 as part of an effort to end the bloc’s …

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Funds run low at UK’s Thames Water as rescue talks drag on

3 Dec 2025

By Sarah Young LONDON, Dec 3 (Reuters) – Thames Water said it was taking longer than expected to secure a last-ditch rescue deal with creditors and the government that would allow Britain’s biggest water company to avoid nationalisation as emergency funding runs out. Half-year results showed it was once again facing a financial cliff edge. …

Funds run low at UK’s Thames Water as rescue talks drag on Read More »

Strategy’s Saylor in talks with MSCI as index exclusion threat looms

3 Dec 2025

By Utkarsh Shetti and Federico Maccioni DUBAI, Dec 3 (Reuters) – Michael Saylor, chairman of Strategy, the world’s biggest corporate bitcoin stockpiler, told Reuters on Wednesday that his company is engaging with MSCI over an upcoming decision on whether to exclude it from the index provider’s indices. MSCI has said it plans to decide by January …

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